Both the US private equity and venture capital industries achieved negative IRRs for the quarter ending 30 September 2008, but venture capital outperformed private equity with the lesser of the two negative results.
2 min read · 05 January 2013
‘Super angel’ investors the Rickman brothers have launched their first institutional fund for investment into technology in the UK. A second institutional fund is also being raised to make complementary investments into the same sector internationally.
2 min read · 05 January 2013
British pension funds diversified their portfolios by investing 40% more in private equity and 30% more in hedge funds in 2008 over the previous year. Real estate fared less well, however, with mandates dropping by 25%.
2 min read · 05 January 2013
The UK-based street advertising firm, acquired by Apax in 2003, has filed for administration, blaming poor market conditions and slashed advertising budgets. The firm’s administrator MCR is now seeking a trade buyer.
1 min read · 05 January 2013
French mid-market buyout firm Banexi Capital Partners, which spun-out from BNP Paribas in 2003, has rebranded itself now that it is 100% owned by management.
1 min read · 05 January 2013
The UK supermarket chain Somefield has been sold to fellow supermarket operator Co-Operative Group just three years after it was acquired by an Apax- and Barclays-led consortium for £1.8 billion. The deal was announced in July but has taken 6 months to complete.
2 min read · 05 January 2013
The Eastern European-focused private equity firm, formerly Deutsche Beteiligung-backed DBG Eastern Europe, has backed luxury pet product retailer Kakadu. The investment was made from its third fund, which is targeting a final close of €125m.
2 min read · 05 January 2013
The private equity firm has agreed a £64m PIPE with Premier Foods, the UK-based owner of household food brands including Hovis, Cadbury and Bisto, which has been struggling under a £1.7bn debt mound. The investment will form part of a 1.5bn share offer intended to raise around £404m.
2 min read · 05 January 2013
UK-based clean technology-focused private equity firm Foresight Group has agreed two deals worth a combined €50m for 10 megawatts of solar projects in Italy using its European Solar Fund and bank debt.
2 min read · 05 January 2013
The venture firm established by the Rockefeller family now has more than $2.2bn under management.
1 min read · 05 January 2013
